The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

Jacinda Ardern: Tear Down This Wall

Written By: - Date published: 11:18 am, October 17th, 2021 - 109 comments

In the coming months Fortress New Zealand will be dismantled.  What will take its place?

Why Can’t We Do More?

Written By: - Date published: 8:44 am, October 16th, 2021 - 35 comments

The Government’s dramatic action taken over the past 18 months to respond to Covid and the population’s overwhelming support suggests that it should be taking similar drastic action to address poverty and climate change.

David Seymour is all class

Written By: - Date published: 8:35 am, October 12th, 2021 - 71 comments

David Seymour suggested that suburbs where the vaccination rate hit 90% should be allowed extra freedom.  But an analysis suggests that the wealthiest parts of Auckland, including Remuera and Epsom would qualify, whereas the poorer parts of Auckland would struggle to qualify.

More Promises from Prime Minister Morrison

Written By: - Date published: 1:03 pm, October 11th, 2021 - 14 comments

So, the Australian Prime Minister Scott Morrison is preparing for a November resumption of international air travel.

China and Real Estate Developers

Written By: - Date published: 9:14 am, October 10th, 2021 - 17 comments

Speaking of contagion, China is dealing with an outbreak of real estate market ebola.

Pandora papers and NZ

Written By: - Date published: 8:42 am, October 9th, 2021 - 18 comments

While we have mainly been occupied with containing the current Covid-19 outbreak, world news has been looking at documents revealing probable dirty capital and tax dodging by the affluent. NZ has a delayed local problem with this. Warning was given. We should just terminate the supporting legislation and replace it with transparency. (Updated)

Have we just thrown the fight, before the war has ended?

Written By: - Date published: 8:59 am, October 6th, 2021 - 53 comments

With all the unfortunate rhetoric around “giving up on the elimination strategy”.

Small businesspeople around me, who have quietly carried on with the program, and have been supportive of the Government strategy of elimination, even though, in many cases, it has been personally costly, are telling me,, “why did we bother”!

It doesn’t matter if it is the actual Government intention, or the media interpretation, the damage has now been done.

Government introduces law to assist tenants

Written By: - Date published: 8:59 am, September 29th, 2021 - 19 comments

Barry Soper and the Property Council are up in arms about proposals to ensure that all commercial tenants should only pay a fair proportion of their rental if their use of the premises has been affected by responses to the Covid pandemic.

CPTPP V Nuclear Submarines

Written By: - Date published: 2:45 pm, September 19th, 2021 - 41 comments

In a piece of incredible timing, on the same day as Australia, the United States and the United Kingdom announced their defence technology procurement pact and pissed off ally and competitor alike, China formally applied to join the Comprehensive and Porgressive Agreement for Trans-Pacific Partnership.

COVID, We Need To Talk About Class

Written By: - Date published: 9:51 am, September 14th, 2021 - 27 comments

We’ve never seen a nationwide disease illustrate class and deprivation like the future of the country depended on it. Not like this. This should change us.

New Zealand Superconductors

Written By: - Date published: 8:10 am, September 8th, 2021 - 18 comments

Just to note a little sadness at the sale of New Zealand’s High Temperature Superconductor business out of Scott Technology (a robotics specialist company based in Dunedin sold to a Brazilian meat company a few years back).

The Top 20 Biggest U.S. Military Interventions, Best to Worst

Written By: - Date published: 10:39 am, August 31st, 2021 - 76 comments

With the last flights coming out of Kabul, it’s time to review whether this US attitude to the world is a good idea.

How Far Ought The State Go In A Pandemic?

Written By: - Date published: 8:30 am, August 29th, 2021 - 120 comments

Even in a time of crisis, people have human rights that must be upheld.

Ardern Needs to do More Than Manage Crisis

Written By: - Date published: 2:23 pm, August 25th, 2021 - 24 comments

For a country that has sought to form advantage for itself with strong and hard COVID-19 lockdowns, we’re not gaining any more advantage than yet another binge-purge cycle of supply tension and shortages, rapid economic downturn softened by tens of billions of subsidy, followed by unsustainable booms, over and over again.

RIP Michael Cullen

Written By: - Date published: 10:41 am, August 20th, 2021 - 15 comments

Former Labour Deputy Prime Minister Michael Cullen has died.

Down With Farmer Bashing

Written By: - Date published: 6:05 am, August 13th, 2021 - 126 comments

A Guest Post by DB Brown on how and why regenerative stock grazing matters ecologically, and where best to place our anger about climate change.

We are stuck

Written By: - Date published: 7:13 am, August 12th, 2021 - 45 comments

New Zealand has one of the most concentrated and oligopolistic economies in the world, and also one of the least commercially protected societies. Will we ever be able to break out of it? If you look across our society, it is the relationships of less than 20 main companies with our government that form a […]

When We Needed Electricity, it Was Shut Off

Written By: - Date published: 1:49 pm, August 10th, 2021 - 104 comments

Minister Woods and Prime Minister Ardern have been reduced to asking a series of questions about why Transpower got major electricity providers to drastically cut power last night.

What if all New Zealanders had enough to live on?

Written By: - Date published: 6:10 am, August 6th, 2021 - 97 comments

Rather than economics, can we talk about the values that underlie how we manage the country?

Aotearoa New Zealand approaches full employment

Written By: - Date published: 8:28 am, August 5th, 2021 - 84 comments

Yesterday Statistics New Zealand announced a dramatic drip in the unemployment rate as well as solid increases in wage rates and average weekly earnings for workers.  While the Government celebrated Employers thought it was a crisis.

Nurses refuse pay offer

Written By: - Date published: 7:00 am, July 30th, 2021 - 28 comments

NZNO members who work in district health boards (DHBs) have voted by clear majority to reject the latest offer in their negotiations with the DHBs, saying it fails to address the chronic and systemic safe staffing issues in a way that would ensure and protect the future of the health system.

Why isn’t govt hitting utes much harder?

Written By: - Date published: 7:52 am, July 26th, 2021 - 51 comments

Aotearoa has been super sizing its vehicle fleet for over a decade and given Jacinda Ardern claim that Climate Change as her generation’s nuclear-free moment, why is her government not smacking ute owners and other gas guzzlers much harder than the just the feebate? Large vehicles increase climate change and wild weather. Fringe Benefit tax is payable on them and usually not collected. Plus they are deadly dangerous to pedestrians and other vehicles.

Why Not Support The Farmers?

Written By: - Date published: 8:43 am, July 17th, 2021 - 106 comments

The Groundswell farmers movement want the new freshwater policy scrapped, the “ute tax” removed, lots of imported labour for farm work, parts of the ETS dumped the new Significant Natural Area policy dumped, the draft policy on indigenous biodiversity scrapped and Crown Pastoral Land Reform Bill stopped.  How likely is this?

Minister Robertson’s Economic Development Strategy

Written By: - Date published: 7:32 am, July 15th, 2021 - 20 comments

Minister Roberston’s recent speech to the Trans Tasman Business Circle sets out both how this government is using the pandemic to reset whole sectors of the economy, and also how it is getting its head around economic and social challenges. The points made were unsurprising, but his intended direction was unclear.

The billionaire race into space

Written By: - Date published: 8:06 am, July 12th, 2021 - 90 comments

UK billionaire Richard Branson has won the rich man’s pissing competition by being the first billionaire into space even though 12 months ago he was urgently seeking Government grants while at the same time paying no tax because of his tax residency status.

RNZ’s Chinese Spies story doesn’t add up

Written By: - Date published: 10:00 am, July 2nd, 2021 - 47 comments

On Monday, RNZ reported that “Chinese Communist Party spies are infiltrating New Zealand universities”. Our guest poster views this thin and anecdotal ‘investigative’ reporting with deep suspicion. Was any of this activity was reported to the proper authorities. Or is it just the usual paranoia / racist dog-whistling or a paid story?

The Pausing of the Travel Bubble

Written By: - Date published: 9:11 am, June 28th, 2021 - 81 comments

So far there have been no discovered cases of community spread of the Covid delta variant in Wellington following the recent visit by an Australian tourist who was infected with the variant.  Meanwhile in Australia the authorities are trying to stamp out community flareups that are appearing in different parts of the country.

Let the Mills die

Written By: - Date published: 1:03 pm, June 24th, 2021 - 13 comments

From Kawerau to Nelson to Tiwai Point, our accelerated decline of heavy mass manufacturing factories continues.

The Rock is moving

Written By: - Date published: 11:09 am, June 22nd, 2021 - 5 comments

Since real estate is that machine that relentlessly powers our society and most of our economy, it’s already worth checking whether this governments’ recent policy changes are starting to have some of its intended effects.

Social insurance, a premium not afforded to all.

Written By: - Date published: 12:02 pm, June 20th, 2021 - 59 comments

One of the details announced in the budget was funding to explore a ‘social unemployment insurance’ scheme. This scheme has been pushed by the Council of Trade Unions and Business NZ, which will work with the Government in a newly set-up Tripartite Working Party. When we dig into it though, we realise it is no safety net. It’s a parachute that slows our drop, giving us time, before we hit that real net – down so far below. 

Public transport, to complement cycling?

Written By: - Date published: 7:23 am, June 17th, 2021 - 51 comments

Jenny looks at extending public transport to include cyclists